Bitget’s BGX Group to Invest 710 Million HK in BC Technology Group
Bitget’s BGX Group is set to invest 710 million HK in BC Technology Group, the parent company of OSL, Hong Kong’s first licensed crypto exchange. This move comes as a strategic endorsement of OSL’s vision to lead regulated digital asset markets. BGX’s investment in BC Technology is particularly intriguing because Shawn Liu, the founder of Bitget, holds the largest share in BC Technology. Earlier this week, Bitget withdrew its application to become a licensed Virtual Asset Service Provider (VASP) in Hong Kong.
This significant investment can potentially drive substantial growth for OSL, positioning it at the forefront of regulated digital asset markets. BC Technology Group is the only public company in Hong Kong exclusively focused on digital assets, making this investment by BGX a significant development for the crypto industry in the region.
Hot Take: A Strategic Investment to Propel OSL and BC Technology Group
Bitget’s BGX Group’s substantial investment in BC Technology Group signifies a strategic move to position OSL at the forefront of regulated digital asset markets. This investment has the potential to drive significant growth for OSL and propel BC Technology Group as a key player in Hong Kong’s digital asset industry.
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